Friday

29th Mar 2024

Ticker

Ukraine: Russian gas supplies reduced to 'zero'

Ukraine says Russia on Monday reduced gas flows to "zero" in a price row. The European Commission noted Ukraine needs to have at least 18 billion cubic metres (bcm) in storage "by the end of summer" to guarantee winter-time transit to EU countries. It reportedly has 12 bcm for now.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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